Connecticut Insurance Commissioner Susan F. Cogswell will hold a public hearing on Thursday, Oct. 21 to consider two workers’compensation filings submitted by the National Council on Compensation Insurance (NCCI) on behalf of the state’s workers compensation insurers. NCCI’s filings for …
With more than half of Florida’s 17 million residents directly affected by Hurricane Charley and Hurricane Frances, the Florida Farm Bureau (FFB) Insurance Companies is using geographic information system (GIS) satellite-mapping technology to analyze the thousands of claims it is …
State and insurance industry officials agree that the quartet of storms that slammed into Florida will likely surpass Hurricane Andrew, the costliest natural disaster in U.S. history. Officials say the combined damage could exceed $20 billion in insured losses, and …
Following a 10 percent increase in fees last year, the Underground Storage Tank Indemnification Fund (USTIF) Board has unanimously agreed to maintain fees for owners of underground storage tanks licensed in Pennsylvania for 2005. “An actuarial analysis showed that USTIF …
The Bermuda-based PXRE Group Ltd. said that, while it was too early to give definitive estimates of its losses from the recent hurricanes and typhoons, they would have an impact on the property catastrophe reinsurer’s 2004 results. President and CEO …
The Bermuda-based White Mountains Insurance Group, Ltd. announced preliminary estimates of the impact of Hurricane Ivan on its insurance and reinsurance operations, indicating that its total pre-tax net losses will be less than $35 million. The announcement noted: “These estimates …
Oregon Gov. Theodore Kulongoski on Tuesday announced that the average “pure” premium rate for Oregon workers’ compensation insurance will remain flat in 2005, marking three years of stable rates after 12 consecutive years of rate reductions – a national record …
The non-profit Northern Illinois Fire Sprinkler Advisory Board (NIFSAB) believes the Chicago Building Committee’s move to defer the high-rise ordinance at their meeting last week is another stall tactic by the city. During the meeting the commission voted to defer …
France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted that the estimates …
Disaster recovery and health officials warn that victims of flooding after the recent hurricanes should clean flood-damaged homes thoroughly to avoid possible health problems from mold and mildew. Mold growth is common in flood-damaged homes. It is important to clean …